Vitapower: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Vitapower
Largest movements
- Cash -€1.7m
down €1.7m (-94.5%), from €1.8m to €100,267
mainly Contributions, distributions and other (-€1.5m) and Receivables within one year (-€1.2m)
- Receivables within one year +€1.2m
up €1.2m (+139.2%), from €831,059 to €2.0m
of which Other amounts receivable: +€1.2m
- Tangible fixed assets -€488,589
down €488,589 (-12.2%), from €4.0m to €3.5m
of which Plant, machinery and equipment: -€287,641
- Reserves -€666,966
down €666,966 (-34.5%), from €1.9m to €1.3m
- Debts after one year -€429,000
down €429,000 (-13.8%), from €3.1m to €2.7m
- Trade debts +€100,973
up €100,973 (+14.2%), from €710,696 to €811,670
- Staff costs +€125,411
up €125,411 (+12.0%), from €1.0m to €1.2m
- Gross operating margin -€119,476
down €119,476 (-3.9%), from €3.1m to €2.9m
- Financial charges -€54,864
down €54,864 (-31.1%), from €176,389 to €121,525
- Other operating charges -€48,711
down €48,711 (-66.5%), from €73,198 to €24,487
- Taxes -€44,313
down €44,313 (-13.7%), from €323,467 to €279,153
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,003,999 | €6,045,907 | -€958,092 | -13.7% |
| Fixed assets | 21/28 | €4,107,376 | €3,677,129 | -€430,247 | -10.5% |
| Intangible fixed assets | 21 | €88,226 | €146,568 | +€58,342 | +66.1% |
| Tangible fixed assets | 22/27 | €4,017,670 | €3,529,081 | -€488,589 | -12.2% |
| Land and buildings | 22 | €2,870,191 | €2,669,243 | -€200,948 | -7.0% |
| Plant, machinery and equipment | 23 | €1,147,478 | €859,837 | -€287,641 | -25.1% |
| Financial fixed assets | 28 | €1,480 | €1,480 | = | 0.0% |
| Current assets | 29/58 | €2,896,623 | €2,368,778 | -€527,845 | -18.2% |
| Amounts receivable after more than one year | 29 | €19,055 | €57,165 | +€38,110 | +200.0% |
| Other amounts receivable | 291 | €19,055 | €57,165 | +€38,110 | +200.0% |
| Stocks and contracts in progress | 3 | €201,384 | €208,523 | +€7,139 | +3.5% |
| Stocks | 30/36 | €201,384 | €208,523 | +€7,139 | +3.5% |
| Amounts receivable within one year | 40/41 | €831,059 | €1,987,917 | +€1.2m | +139.2% |
| Trade receivables | 40 | €728,178 | €687,917 | -€40,261 | -5.5% |
| Other amounts receivable | 41 | €102,881 | €1,300,000 | +€1.2m | +1163.6% |
| Cash at bank and in hand | 54/58 | €1,838,074 | €100,267 | -€1.7m | -94.5% |
| Deferred charges and accrued income | 490/1 | €7,052 | €14,906 | +€7,855 | +111.4% |
| Total equity and liabilities | 10/49 | €7,003,999 | €6,045,907 | -€958,092 | -13.7% |
| Equity | 10/15 | €1,963,186 | €1,296,220 | -€666,966 | -34.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,933,186 | €1,266,220 | -€666,966 | -34.5% |
| Distributable reserves | 133 | €1,933,186 | €1,266,220 | -€666,966 | -34.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,040,813 | €4,749,687 | -€291,126 | -5.8% |
| Amounts payable after more than one year | 17 | €3,108,000 | €2,679,000 | -€429,000 | -13.8% |
| Financial debts | 170/4 | €3,108,000 | €2,679,000 | -€429,000 | -13.8% |
| Amounts payable within one year | 42/48 | €1,892,094 | €2,047,978 | +€155,884 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €429,300 | €429,000 | -€300 | -0.1% |
| Trade debts | 44 | €710,696 | €811,670 | +€100,973 | +14.2% |
| Suppliers | 440/4 | €710,696 | €811,670 | +€100,973 | +14.2% |
| Taxes, remuneration and social security | 45 | €752,098 | €807,309 | +€55,211 | +7.3% |
| Taxes | 450/3 | €643,108 | €685,915 | +€42,807 | +6.7% |
| Remuneration and social security | 454/9 | €108,990 | €121,394 | +€12,404 | +11.4% |
| Accrued charges and deferred income | 492/3 | €40,719 | €22,709 | -€18,010 | -44.2% |
| Remuneration, social security and pensions | 62 | €1,048,383 | €1,173,794 | +€125,411 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462,884 | €504,969 | +€42,086 | +9.1% |
| Other operating charges | 640/8 | €73,198 | €24,487 | -€48,711 | -66.5% |
| Non-recurring operating charges | 66A | - | €37,347 | +€37,347 | |
| Gross operating margin | 9900 | €3,069,133 | €2,949,657 | -€119,476 | -3.9% |
| Operating profit (loss) | 9901 | €1,484,669 | €1,209,059 | -€275,610 | -18.6% |
| Financial income | 75/76B | €25,322 | €24,653 | -€670 | -2.6% |
| Recurring financial income | 75 | €25,322 | €24,653 | -€670 | -2.6% |
| Financial charges | 65/66B | €176,389 | €121,525 | -€54,864 | -31.1% |
| Recurring financial charges | 65 | €176,389 | €121,525 | -€54,864 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €1,333,603 | €1,112,187 | -€221,415 | -16.6% |
| Income taxes | 67/77 | €323,467 | €279,153 | -€44,313 | -13.7% |
| Profit (loss) for the period | 9904 | €1,010,136 | €833,034 | -€177,102 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,010,136 | €833,034 | -€177,102 | -17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.